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Search Results 0 to 7 of about 8 (some duplicates have been removed)
MSNBC
Dec 31, 2012 6:00pm PST
apparently been reached on the senate on the fiscal cliff issue. well also understand that the vice president has just arrived on capitol hill to speak to senators who are waiting out this new year's eve night there, eating pizza on new year's eve, which will be one for the record books. nbc's miviqueira is on capitol hill. the senate carriage entrance. he is going to speak. he is now speaking to a closed door meeting of the senate democratic caucus. what is his mission here? essentially sell the deal that he has struck largely between these two men, the vice president joe biden of course in capacity the president of the senate and mitch mcconnell. they have been on the phone working things out after an impasse breakdown friday night after harry reid and mitch mcconnell essentially broke off negotiations. mcconnell at this point reached out to biden, and the upshot is what you've been reporting. the emerging details of this deal that have been trickling out all day. now, if joe biden is able to get democratic senators to sign on or at least, milissa, and that is an important point, to allow this vote to go forward without objecting to this expedited
MSNBC
Dec 28, 2012 9:00pm PST
to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax
MSNBC
Dec 28, 2012 1:00am PST
legislation to avert the entire fiscal cliff and now the senate must act." so that's helpful. senator schatz, i know you probably just checked into the marriott capitol hill or something, but i don't know, you got any ideas? joining us is someone who i hope will have ideas. democratic senator debbie stabenow. senator stabenow, thank you for being with us tonight. >> absolutely, ezra. and i wanted to thank you for what is a very good summary of where we are. and it is the most frustrating thing i've ever gone through in my entire life, i think. >> i appreciate that. and covering it, what has been striking to me is the level of not just substantive disagreement on things like tax and spending but the procedural breakdown. every procedural effort that gets begun to solve this, either negotiations or the house plan b or maybe reid and mcconnell negotiations, it is dissolving very, very quickly. so what comes now? what is actually the process by which we can move forward? >> well, first of all, we have to be able to govern. we have to have an adult conversation, getting people in the room who act
Search Results 0 to 7 of about 8 (some duplicates have been removed)